AmericasDry Cargo

Pangaea Logistics Solutions acquires supramax bulker

US company Pangaea Logistics Solutions has announced the acquisition of a secondhand 58,000 dwt bulk carrier for a price of $14.1m.

Splash understands that the vessel is the 2011-built supramax bulker Nantong K, acquired from Japanese owner K Line.

The vessel will be delivered to Pangaea in September, adding to the company’s fleet to 22 ships.

“This 2011 Nantong/Kawasaki built 58,000 dwt dry bulk vessel, fits well into our core fleet and trading activities, and will give us another tool to serve our client’s demanding cargo needs. We are committed to providing our clients with best in class service through our flexible owned and operated fleet. This ship, to be named Bulk Friendship, is another step in our effort to renew our owned fleet with high quality and efficient tonnage as we approach the new low sulphur fuel requirements in 2020,” said Ed Coll, CEO of Pangaea.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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